As per Technavio’s latest market research study, the global batteries market for smart wearables is anticipated to grow at an impressive CAGR of close to 29% during the estimated period 2017 to 2021.
This report by Technavio provides a comprehensive breakdown of the global batteries market for smart wearables regarding revenue and developing market trends. The report also includes an latest analysis and forecasts for various market segments and all geographical regions.
Technavio research analysts categorize the market based on the product type
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The top two revenue contributing product segments are discussed below
Global batteries market for smart wearables by Li-ion battery: The high-energy density capacity of Li-ion batteries is making it the most preferred energy source in wearable devices and boosting the demand for this material in the global market. These batteries are small, rigid, lightweight, and easier to dispose of which is fueling the adoption of these products in various smart wearables across the globe. Li-ion batteries can hold a large amount of power in small packages and have an energy density of 1,470 Wh/kg. This energy capacity of these devices makes it an ideal power source to power sensors, displays, and processors.
“The vendors in the market are investing in the development of Li-ion technology which will increase their applications in various devices. The introduction of the flexible Li-ion battery will make these products suitable for body-worn devices and smart clothing. The increasing efforts to advance Li-ion technology will propel the growth of the market during the forecast period,” says Thanikachalam Chandrasekaran, a lead analyst at Technavio for research on energy storage.
Global batteries market for smart wearables by lithium polymer battery: The flexibility of reducing the size of lithium batteries will fuel the growth of this market segment. Lithium polymer batteries use a microporous electrolyte which makes them sleeker and thinner when compared to Li-ion batteries. The charge and discharge characteristics, operating temperature, and lifespan of the lithium polymer batteries has resulted in the wide application of these products in different smart wearable devices. These batteries are used in smart bands, smart glasses, clothing, and other next-generation wearables as a more suitable energy source.
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The top vendors operating in the global batteries market for smart wearables are:
- Enfucell
- Guangzhou FULLRIVER Battery New Technology
- LG Chem
- Panasonic Industrial Devices & Solutions
- Samsung SDI
Other prominent vendors in the market include Accutronics, Batteries and Power Solutions, Blue Spark Technologies, BrightVolt, Cymbet, Front Edge Technology, IMPRINT ENERGY, Infineon Technologies, ProLogium Technology, and VARTA Microbattery.
A more detailed analysis is available in the Technavio report titled, ‘Global Batteries Market For Smart Wearables 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
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- Global Primary Battery Market 2016-2020
- Global Unmanned Aerial Vehicle Battery Market 2016-2020
- Global Battery Energy Storage Market for Smart Grid 2016-2020
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